Orla Mining Stock Probability of Future Stock Price Finishing Under 1.39
| ORLA Stock | USD 4.66 0.21 4.72% |
Orla |
Orla Mining Target Price Odds to finish below 1.39
The tendency of Orla Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 1.39 or more in 90 days |
| 4.66 | 90 days | 1.39 | near 1 |
Based on a normal probability distribution, the odds of Orla Mining to drop to $ 1.39 or more in 90 days from now is near 1 (This Orla Mining probability density function shows the probability of Orla Stock to fall within a particular range of prices over 90 days) . Probability of Orla Mining price to stay between $ 1.39 and its current price of $4.66 at the end of the 90-day period is about 77.94 .
Given the investment horizon of 90 days Orla Mining has a beta of -0.1. This indicates as returns on the benchmark increase, returns on holding Orla Mining are expected to decrease at a much lower rate. During a bear market, however, Orla Mining is likely to outperform the market. Additionally Orla Mining has an alpha of 0.1648, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Orla Mining Price Density |
| Price |
Predictive Modules for Orla Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orla Mining. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Orla Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Orla Mining is not an exception. The market had few large corrections towards the Orla Mining's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Orla Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Orla Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | 0.01 |
Orla Mining Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Orla Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Orla Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Orla Mining had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 237.93 M. Net Loss for the year was (27.01 M) with profit before overhead, payroll, taxes, and interest of 142.81 M. | |
| About 52.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from seekingalpha.com: Orla Mining upgraded at Scotiabank as acquisition set to double production |
Orla Mining Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Orla Stock often depends not only on the future outlook of the current and potential Orla Mining's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Orla Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 311.5 M | |
| Cash And Short Term Investments | 96.1 M |
Orla Mining Technical Analysis
Orla Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Orla Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Orla Mining. In general, you should focus on analyzing Orla Stock price patterns and their correlations with different microeconomic environments and drivers.
Orla Mining Predictive Forecast Models
Orla Mining's time-series forecasting models is one of many Orla Mining's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Orla Mining's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Orla Mining
Checking the ongoing alerts about Orla Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Orla Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Orla Mining had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 237.93 M. Net Loss for the year was (27.01 M) with profit before overhead, payroll, taxes, and interest of 142.81 M. | |
| About 52.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from seekingalpha.com: Orla Mining upgraded at Scotiabank as acquisition set to double production |
Check out Orla Mining Backtesting, Orla Mining Valuation, Orla Mining Correlation, Orla Mining Hype Analysis, Orla Mining Volatility, Orla Mining History as well as Orla Mining Performance. For information on how to trade Orla Stock refer to our How to Trade Orla Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Orla Mining. If investors know Orla will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Orla Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.507 | Revenue Per Share 0.991 | Quarterly Revenue Growth 0.647 | Return On Assets 0.0671 | Return On Equity 0.0095 |
The market value of Orla Mining is measured differently than its book value, which is the value of Orla that is recorded on the company's balance sheet. Investors also form their own opinion of Orla Mining's value that differs from its market value or its book value, called intrinsic value, which is Orla Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Orla Mining's market value can be influenced by many factors that don't directly affect Orla Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Orla Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orla Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orla Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.